"This is a very positive start to our zone growth drilling this Summer," company president, COO and chief geologist Ross McElroy stated in the release. "The delineation of this high-grade zone is still at an early stage but initial drill results interpret mineralization to be comprised of multiple, stacked steeply dipping lenses occurring over a wide lateral area."

"The summer drilling program is off to a good start as the announced scintillometer results have expanded the R1515W zone to approximately 45m," Rob Chang of Cantor Fitzgerald wrote in a July 25 research report. "Management notes that the R1515W zone shows similar characteristics to those found at the flagship R780E zone."

Heiko Ihle of Rodman & Renshaw concurred, noting in a July 26 research report that "the findings were encouraging, given that the R780E zone is the most notable high-grade zone of Fission's Triple R deposit."

Also commenting on the news in a July 24 research report, analyst David Talbot of Eight Capital wrote, "Fission is slowly transitioning from exploration to value story. We believe PLS could be the next project to be developed in the Athabasca Basin. As a high grade, near surface deposit potentially mineable by open pit, it might be the cheapest to develop."

Chang observed that "the two announced drill holes both encountered large intervals of composite mineralization with certain sections of 'off-scale' radioactivity" and also commented on the zone expansion, noting that "Line 1515W now has mineralization traced over a lateral across-strike width of approximately 45m. A key element of the summer drill program has been for drilling on the western edge of the property, pushing towards the uranium boulder field."

Observing that Fission's $6.6 million summer drill program will provide news flow, Talbot stated, "Summer drilling will focus on hotspots, expanding Triple R, and testing gaps between zones. Specifically plans are to expand high grade uranium around the new R1515W discovery."

In further commentary, Ihle noted that the company expects to release a "resource update" in Q4/17, that "Fission anticipates finishing the baseline studies" in Q4/18, and that the company expects to submit a "Feasibility Study and Economic Assessment" in Q4/19.

"Fission continues to discover new zones, increasing the potential resource at the project," Ihle stated. "We continue to view Fission as a potential takeover target in a stronger uranium market."

Want to read more Energy Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles with industry analysts and commentators, visit our Streetwise Articles page.

Disclosure:
1) Tracy Salcedo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She owns, or members of her immediate household or family own, securities of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.
2) Fission Uranium Corp. is a sponsor of Streetwise Reports. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Additional disclosures about the sources cited in this article

Cantor and Fitzgerald, Fission Uranium Corp., July 24, 2017

Disclosures as of April 27, 2017. Facts may have changed.

Potential conflicts of interest: The author of this report is compensated based in part on the overall revenues of CFCC, a portion of which are generated by investment banking activities. CFCC may have had, or seek to have, an investment banking relationship with companies mentioned in this report. CFCC and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent. Although CFCC makes every effort possible to avoid conflicts of interest, readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies.

The analysts responsible for this research report have, either directly or indirectly, a long or short position in the shares or options of Fission Uranium.

Analyst certification: The research analyst whose name appears on this report hereby certifies that the opinions and recommendations expressed herein accurately reflect his personal views about the securities, issuers or industries discussed herein.

I, Heiko F. Ihle, CFA , certify that 1) all of the views expressed in this report accurately reflect my personal views about any and all subject securities or issuers discussed; and 2) no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation or views expressed in this research report; and 3) neither myself nor any members of myhousehold is an officer, director or advisory board member of these companies.

None of the research analysts or the research analyst’s household has a financial interest in the securities of Fission Uranium Corp. (including, without limitation, any option, right, warrant, future, long or short position).

As of June 30, 2017 neither the Firm nor its affiliates beneficially own 1% or more of any class of common equity securities of Fission Uranium Corp.

Neither the research analyst nor the Firm has any material conflict of interest in of which the research analyst knows or has reason to know at the time of publication of this research report.

The research analyst principally responsible for preparation of the report does not receive compensation that is based upon any specific investment banking services or transaction but is compensated based on factors including total revenue and profitability of the Firm, a substantial portion of which is derived from investment banking services.

The Firm or its affiliates did not receive compensation from Fission Uranium Corp. for investment banking services within twelve months before, but will seek compensation from the companies mentioned in this report for investment banking services within three months following publication of the research report.

The Firm does not make a market in Fission Uranium Corp. as of the date of this research report.

Eight Capital, Fission Uranium Corp., Comment, July 24, 2017

Eight Capital has written procedures designed to identify and manage potential conflicts of interest that arise in connection with its research and other businesses. The compensation of each Research Analyst/Associate involved in the preparation of this research report is based competitively upon several criteria, including performance assessment criteria, the quality of research and the value of the services they provide to clients of Eight Capital. The Research Analyst compensation pool GFG Resources Inc. includes revenues from several sources, including sales, trading and investment banking. Research analysts and associates do not receive compensation based upon revenues from specific investment banking transactions.

Eight Capital generally restricts any research analyst/associate and any member of his or her household from executing trades in the securities of a company that such research analyst covers, with limited exception.

Research Analyst Certification Each Research Analyst and/or Associate who is involved in the preparation of this research report hereby certifies that:• the views and recommendations expressed herein accurately reflect his/her personal views about any and all of the securities or issuers that are the subject matter of this research report;• his/her compensation is not and will not be directly related to the specific recommendations or views expressed by the Research Analyst in this research report;• they have not affected a trade in a security of any class of the issuer whether directly or indirectly through derivatives within the 30-day period prior to the publication of this research report;• they have not distributed or discussed this Research Report to/with the issuer, investment banking at Eight Capital or any other third party except for the sole purpose of verifying factual information; and• they are unaware of any other potential conflicts of interest.

The Research Analyst involved in the preparation of this research report does not have any authority whatsoever (actual, implied or apparent) to act on behalf of any issuer mentioned in this research report.